Bhutan Government Moves 319.7 Bitcoin Worth About $22.67 Million

According to the new on-chain update, Bhutan sent 319.7 BTC to two addresses, including one previously associated with sales via Galaxy Digital and OKX, while its remaining holdings stand at 3,954 BTC.

BTC

Fact Check
Both 不丹政府转移319.7枚比特币至两个钱包 | PANews and ブータン政府、約36億円分BTCを移動 売却実績アドレスへの送金も確認=Onchain Lens independently report the same concrete details: 319.7 BTC, approximate value of $22.67 million, and the split between a new likely exchange wallet and an older wallet previously used in sales via OKX or Galaxy Digital. PANews explicitly links the claim to the primary Onchain Lens post at https://x.com/OnchainLens/status/2042092638594301995. Intel Platform | Arkham supports the broader attribution that Druk Holding Investments is the Bhutan-linked entity relevant to these BTC movements. However, because the direct X post and other supplied X links were not fetchable, the strongest primary evidence was not fully validated here, so the claim is best assessed as likely true rather than confirmed with high confidence.
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Summary

Bhutan’s royal government transferred 319.7 BTC worth about $22.68 million to two addresses. About 250 BTC was sent to a wallet previously used to sell through Galaxy Digital and OKX, while 69.7 BTC went to a new unlabeled address. Following the transfer, Bhutan still holds 3,954 BTC valued at about $280.6 million, adding a fresh holdings update to the previously tracked outflow activity.

Terms & Concepts
  • BTC: The ticker symbol for Bitcoin, the largest cryptocurrency by market value.
  • Galaxy Digital: A digital asset financial services firm that provides trading and other crypto-related services.
  • OKX: A centralized cryptocurrency exchange that offers spot trading and other digital asset services.